Ripple plans to launch a stablecoin called Ripple USD (RLUSD) on XRP Ledger and Ethereum in 2024. This should act as a bridge between traditional finance and the crypto industry. However, it has been criticized as an "unregistered crypto asset" by the United States Securities and Exchange Commission (SEC). Meanwhile, the price of XRP is falling, but some analysts see the current level as a buying opportunity. 📉🔍

The lawsuit between Ripple and the SEC centers on allegations that Ripple engaged in an unregistered securities offering by offering the XRP token for sale. It is known that the case has entered the trial phase and the SEC has demanded a fine of $ 2 billion against Ripple. Ripple suggested that the penalty should not exceed $10 million.

The price of XRP has been declining on a weekly scale and is currently trading around $0.47. However, some analysts see the current level as a buying opportunity. It was predicted that the value of XRP could fall in the event of rising inflation in the US, but the rate turned out to be lower than expected and the price of the token rose to almost $0.50. However, it fell again after the US Federal Reserve decided to keep interest rates unchanged.